Reporting excise and paying duty
Licence holders calculate their excise liability, lodge a return and pay duty on either a prepayment basis or periodic settlement basis.
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Periodic settlement permission
A periodic settlement permission (PSP) allows you to:
- deliver excisable goods into the Australian domestic market (for home consumption) over a specified period (settlement period)
- defer lodging your excise return and paying excise duty until a specified date.
Periodically (usually weekly), you must lodge an excise return detailing the deliveries you made during the settlement period, and pay excise duty on these goods.
We generally issue a PSP as part of the excise licensing process, based on your business. However, you don't need to hold an excise licence to be issued with a PSP that allows you to deliver your goods from premises licensed to another entity.
In some cases, we'll grant a PSP on the condition that you pay an amount as security. We'll send you a form setting out the amount required. If your licensed premises is covered by another entity's periodic settlement permission, the other entity must lodge the excise return and pay the excise duty for goods they deliver into the Australian domestic market from your licensed premises.
If you're eligible for the small business entity concessions (broadly, you have aggregated annual turnover of less than $2 million), you can apply to defer your weekly settlement to a monthly reporting cycle. Monthly reporting and payment of excise duty is required by the 21st day of the month following delivery of the goods into the Australian domestic market.
If you're not eligible for the small business concession (and don't deal in transport gaseous fuels) you can apply for a specific seven-day settlement period, with reporting and payment of excise duty on the first business day after the end of the settlement period.
If you're not eligible for the small business entity concessions and you deal in transport gaseous fuels, you can apply to us to defer reporting and paying excise duty on your transport gaseous fuels. You must lodge your excise return and pay excise duty by 4.00pm on the sixth business day after the end of your nominated seven-day settlement period.
In all situations, payment of excise duty is due at the same time as lodgement of your excise return.
Unless you have a periodic settlement permission, you must lodge an excise return and prepay excise duty before you deliver excisable goods into the Australian domestic market. Once we've received payment and approved your return, we'll issue you with a delivery authority allowing you to physically move the goods from the licensed premises and deliver them for domestic consumption.
Lodging or amending an excise return
Details of how to lodge (or amend) an excise return are provided in the forms and their accompanying instructions.
If you have to pay excise duty but don't have an excise licence, PSP or movement permission, you’ll need to complete Registration for excise payments before lodging an excise return.
Licence holders calculate their excise liability, lodge a return and pay excise duty on either a periodic settlement or prepayment basis.